|Bid||52.30 x 1400|
|Ask||52.62 x 1300|
|Day's Range||51.95 - 52.61|
|52 Week Range||23.95 - 52.68|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.76%|
|Beta (5Y Monthly)||1.60|
|Expense Ratio (net)||0.35%|
On Friday, the U.S. Commerce Department reported that sales of new U.S. single-family homes jumped to a near 13-year high in June. The news comes as home seller profits reached another post-recession high in Q2, according to ATTOM Data Solutions, with home sellers nationwide seeing gains of $75,971 on the typical sale, representing a 36.3% return on investment compared to the original purchase price. Todd Teta, Chief Product & Technology Officer at ATTOM Data Solutions, joins The Final Round to break down the company’s report on home seller profits in the second quarter, and discuss his outlook for the housing market.
National Association of Home Builders CEO Jerry Howard joins Zack Guzman to break down the latest developments in the housing market, as mortgage rates fall to a historic low.
The monthly reading on housing starts and building permits offers a glimpse of demand as mortgage rates are at an all-time low. The Commerce Department on Friday said housing starts in June were at a seasonally adjusted annual rate of 1.186 million, up 17% from May’s revised figure of 1.011 million but 4% below the year-earlier rate. Single-family homes were built at a rate of 831,000, and multifamily buildings at a rate of 350,000.